Friend.tech, a social media-focused crypto project, has decided to reverse its initial plan of leaving the blockchain of Coinbase, a top US-based crypto exchange. In a recent announcement on X, Friend.tech revealed that it will remain on Base due to community feedback. The project emphasized that FRIEND was always intended to be a community-controlled token powering the Clubs contract and migrating to another chain would not align with this vision. Users will still be able to create clubs, chat, buy keys, and use FRIEND on Base through the friendtech app. Additionally, all protocol fees have been turned off from BunnySwap, Clubs, and v1 smart contracts, with 100% of fees now going to traders, LPs, and Club presidents in the community.
Last month, Friend.tech had announced its decision to partner with Conduit to create Friendchain, its own network, which would involve migrating away from Base. However, after taking into consideration the feedback from the community, the project has decided to stay on Base. Friend.tech, launched in 2023, enables users to connect their X accounts with crypto wallets, providing a decentralized finance (DeFi) social media platform where fans and creators can interact. Despite the recent fluctuations in the market, FRIEND is currently trading at $0.323, reflecting a 22.4% decrease in value over the last 24 hours.
To stay updated on the latest news and developments from Friend.tech, users can subscribe to receive email alerts directly to their inbox. The project also encourages users to follow them on X, Facebook, and Telegram for real-time updates. By keeping the community informed and engaged, Friend.tech aims to build a strong and supportive network of users who are actively involved in the project’s growth and development. This approach aligns with the project’s commitment to being community-focused and community-controlled, ensuring that users have a say in the direction of the platform and token.
Friend.tech’s decision to remain on Base and prioritize community feedback underscores its commitment to transparency and responsiveness. By listening to the concerns and preferences of its users, the project is able to make informed decisions that align with the values and goals of the community. This approach not only fosters trust and goodwill among users but also ensures that the project continues to evolve in a way that benefits all stakeholders. With a strong emphasis on community engagement and participation, Friend.tech is poised to create a vibrant and inclusive ecosystem that empowers users to actively contribute to the success of the platform.
As Friend.tech continues to expand its reach and offerings, the project remains focused on providing a user-friendly and innovative platform that meets the needs and expectations of its growing community. By leveraging blockchain technology and decentralized finance principles, Friend.tech is revolutionizing the way fans and creators interact in a social media environment. With the decision to stay on Base and explore new opportunities for growth and development, Friend.tech is well-positioned to drive further innovation and engagement within the crypto space. Through ongoing communication and collaboration with the community, Friend.tech is building a sustainable and impactful platform that empowers users to connect, create, and thrive in a decentralized digital landscape.
